Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru
Jaime Saavedra and
Maximo Torero
No 3269, IDB Publications (Working Papers) from Inter-American Development Bank
Abstract:
This paper analyzes the effects of several aspects of labor legislation that were modified through successive waves of reform since 1991. Firing costs diminished sharply through the progressive elimination of job security regulations, the introduction of temporary contracts and changes in the severance payment structure. Simultaneously, non-wage labor costs increased. This paper assesses the effect of these changes on the level of formal employment, the effect of regulations changes on turnover, and compares employment duration data for the formal and informal sectors using empirical hazards and parametric estimations of hazard functions.
Keywords: labor supply; labor demand; labor turnover; job security; labor law (search for similar items in EconPapers)
Date: 2000-05
References: Add references at CitEc
Citations: View citations in EconPapers (11)
Downloads: (external link)
https://publications.iadb.org/publications/english ... The-Case-of-Peru.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden
Related works:
Working Paper: Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:3269
Access Statistics for this paper
More papers in IDB Publications (Working Papers) from Inter-American Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Felipe Herrera Library (bid-library@iadb.org).